City Edge signs strategic memorandum of understanding with Al Jamal Holding to enhance integration between real estate development and infrastructure
City Edge Developments, a leading real estate developer and asset manager in the Egyptian market, announced the signing of a Memorandum of Understanding (MoU) for strategic cooperation and partnership with El Gamal Holding. This move reflects City Edge's strategy of collaborating with leading specialized entities to enhance the quality of its projects and expand its operations both locally and regionally.
The MoU focuses on joint investment in real estate and other development projects by combining City Edge's expertise in integrated development with El Gamal Holding's executive and engineering expertise, particularly in infrastructure and utilities.
This partnership aligns with City Edge's vision to solidify its position as a leading real estate developer by building long-term strategic partnerships. This ensures the execution of high-quality projects according to international standards, achieving high efficiency, rapid completion, and sustainable added value.
On this occasion, Eng. Tamer Nasser, CEO of City Edge Developments, stated that signing the Memorandum of Understanding with El Gamal Holding represents a significant strategic step. It reflects the company's commitment to strengthening cooperation between its extensive experience in real estate development and El Gamal Holding's expertise in infrastructure and utilities implementation. This will enable the delivery of integrated, high-quality projects and expand the company's operations both domestically and internationally, supporting the growth of the Egyptian market and enhancing the competitiveness of both parties regionally and globally.
Nasser added that City Edge Developments' proven track record in developing residential, commercial, and administrative projects makes it a reliable partner capable of leading major projects. He emphasized that this collaboration promotes seamless integration between planning and execution in an efficient and coordinated manner.
In this context, Eng. Taha El Gamal, Chairman of the Board of Directors of El Gamal Group, stated that they are excited to strengthen this partnership, as the partners' activities complement each other to deliver integrated models reflecting the latest advancements in infrastructure and real estate development. He emphasized that the successful models implemented by City Edge will add to the success achieved by El Gamal Group throughout Egypt, as well as in Saudi Arabia, Iraq, and Libya, where the group has projects.
Under the agreement, the two parties will work on developing an integrated real estate project model based on early coordination between the developer and the contractor. This will improve resource management, reduce costs, minimize technical risks, and accelerate execution while ensuring the highest quality standards.
The partnership also allows El Gamal Holding to participate in the implementation of large-scale projects locally and regionally, leveraging its expertise in infrastructure and utilities. Meanwhile, it enables City Edge to enter new markets and enhance its competitiveness to win sustainable investment projects.
The memorandum of understanding achieves a number of strategic gains for both parties, including increased efficiency, business expansion, enhanced competitiveness, and the exchange of technical and managerial expertise. This contributes to workforce development and improved operational mechanisms in line with global best practices.
This agreement is a strategic step towards building a long-term partnership that supports the growth and expansion plans of both City Edge and Al Jamal Holding, strengthening their position in the real estate investment market and achieving sustainable economic returns in the medium and long term.